diff --git a/NEWS b/NEWS
index 1e063a69..d5db5847 100644
--- a/NEWS
+++ b/NEWS
@@ -1,4 +1,4 @@
-* Version 0.3.1 (unreleased)
+* Version 0.3.1 (released 2017-03-13)
  ** Allow programming of TOTP credentials in YubiKey Slots using the chalresp command.
  ** Add a calculate command (and library support) to perform a challenge-response operation. Can also be used to generate TOTP codes for credentials stored in a slot.
  ** OATH: Remove whitespace in secret keys provided by the user.
diff --git a/ykman/__init__.py b/ykman/__init__.py
index b89a85e7..5a8bf7ed 100644
--- a/ykman/__init__.py
+++ b/ykman/__init__.py
@@ -25,4 +25,4 @@
 # ANY WAY OUT OF THE USE OF THIS SOFTWARE, EVEN IF ADVISED OF THE
 # POSSIBILITY OF SUCH DAMAGE.
 
-__version__ = "0.3.1-dev"
+__version__ = "0.3.1"